@nithin@siva-reddy Greetings to you sir.
I had a quick question.
Due to the ongoing volatality I have been swayed into short term and positional trades and lost my sense of the long term approach i used to employ.
I want to know if it is necessary for long term investors to check stock prices and index movements everyday. Whats a good timeframe for re evaluation?
Also How important is price action and technical analysis for an investor with a long term view?
Nothing wrong with this approach given the current market circumstances. Long term investors usually stick to the valuation narrative. But there is no way you’ll find value in the current bull run. Rather it is the exact opposite, it will be very hard to justify why you’d want to hold to stocks that have run up several folds in such a short duration.
Given the situation, it probably makes sense to switch to momentum strategies and ride the wave.
But in an ideal world, yes, for a long term investors, it does not make sense to look at markets every day.
Not much, except for probably planning your entry and exit. Bulk of the time goes in doing nothing